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  "documentTitle": "The Walt Disney Company (DIS)",
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      "text": "Given the new, serious competitive threat Epic Universe presents, Disney needs to fortify its leadership position with new investment. How much of the $60 billion of CapEx is earmarked for new attractions at Disney World? When will that capital be spent?",
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      "text": "50+ New Attractions, Entertainment, Dining and Shopping Experiences; Universal Helios Grand Hotel located inside Epic Universe with 500 rooms and its own dedicated entrance into the park; Expected to Open in Summer 2025; ~$3 - 4 Billion of Estimated Capital Invested; Key IP-Driven Attractions: Super Nintendo World, The Wizarding World of Harry Potter, How to Train Your Dragon",
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      "text": "Disney World in Orlando contributes approximately one-third of Disney’s operating income(1). Universal’s expansion in the same market will bring new competition to Disney World and threaten Disney’s leadership position.",
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      "text": "Source: Company releases, FactSet. Note: (1) Estimate of FY 2023 operating income derived from Wall Street Equity Research.",
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      "text": "Universal’s Expansion in Orlando Requires a More Urgent and Targeted Response From Disney",
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